The Industrial Distributor

question 41

Multiple Choice

The industrial distributor:

• A)takes title to the product sold.
• B)occasionally does some assembly and manufacturing work.
• C)provides delivery.
• D)all of the answer choices.
• E)both takes title to the product sold and occasionally does some assembly and manufacturing work.

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Definitions:

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, reflecting the company's brand, customer base, and other non-physical assets.

Restriction

A rule or condition that limits or controls someone's actions or a particular activity.

Business Elsewhere

The decision by a customer to take their business to a competitor or alternative provider, usually due to dissatisfaction.

Necessary

Items or services considered essential for basic living and survival, often distinguishing between luxury goods and necessities for legal and economic purposes.